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Growth is expected

31 August 2015, GBP/USD

The situation is no less complicated than the one with the euro - dollar.

Here, in the long term strengthening of the British currency against the dollar is expected.

It is possible that the overall growth started in April is the beginning of a large wedge, in which only wave (i) is currently formed .

At the same time, it is quite possible that now we see correction in the form of a zigzag in the emerging wave (ii).

So, if this assumption is correct, in the future we can expect growth of the pair caused by development of the wave (iii).

 expected to grow a pair.

Vasiliy Lukin
Analyst of «FreshForex» company
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